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Re: Why do so many NFL players go bankrupt?
Quote:
Originally Posted by irish
They did assess the risk, in fact being risk averse was priority but the models they used to assess their risk was flawed. Hindsight is always 20/20. It seems stupid now that we know the end result.
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The flaw in the financial models was the assumption that real estate prices would continue to go up. Fail.
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God made certain people to play football. He was one of them.
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